DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Magnate Advisory Services, LLC

Independent wealth managerLouisville, KentuckyCRD 283056SEC 801-118616websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Mar 30, 2020 · 13 filings
SEC status approved since Apr 29, 2020
RAUM
$314M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
97%
$304M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$44.9M
derived; firm RAUM over IAPD count
Employees
7
7 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$314M as of Mar 30, 2026
Mar 31, 2021$230M then
HNW client RAUM$115M as of Mar 30, 2026
Mar 31, 2021$31.2M then
State-registered IARs (5.B.3)7 as of Mar 30, 2026
Mar 31, 202112 then
Employees (5.A)7 as of Mar 30, 2026
Mar 31, 202112 then
Private funds: no history
RAUM +20% over the last fiscal year+23% a year over threeIARs 6 to 7offices 2 to 3
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
RAUM per advisor
$44.9MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
225derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.7MderivedHNW RAUM over HNW clients
Average account
$140,929derivedRAUM over accounts (5.F.2.f)
Discretionary
97%derivedof RAUM
Institutional
3.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.8derived4 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
+17%derivedItem 5.B.3 between annual amendments
Client growth, one year
+21%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, educational seminars, otherreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$189M60%
  • High-net-worth individuals$115M37%
  • Pension and profit-sharing plans$9.9M3.1%
Individual clients
1,505reported
HNW clients
67reported
Pension plan clients
4reported
Charitable clients
n/areported
Accounts
2,229reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.97 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=5.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Brent Allen GorterBardstown, Ky Apr 14, 201122 y3
James Curry NicholsonCertified Financial PlannerLouisville, KyJul 18, 201619 y1
Valerie M. DownsBardstown, KyMay 18, 201720 y3
Thomas William HagedornCertified Financial PlannerLouisville, Ky May 24, 201742 y1
Zachary FrantzLouisville, KyOct 17, 202413 y0
John Sterling DenhamLouisville, KyJan 16, 202518 y1
Brenton E DittoElizabethtown, KyJan 12, 202622 y5
Advisor movement
1 left, 1 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 14% of current headcount1 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Allen Brent Gorter · Senior Partnercontrol
      since 02/2016 · owns 50% to 75%
    • Curry James Nicholson · Managing Partner/Chief Compliance Officercontrol
      since 02/2016 · owns 50% to 75%
    Related persons
    Schedule D 7.A
    • Capital Wealth Management, LLC
      real estaten
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Louisville, Ky · principal501
    Offices
    Schedule D 1.F, the 25 largest
    • Bardstown, KY2 employees
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 2,074 to 2,229
      Feb 11, 2026 to Mar 30, 2026
    • Advisory employees · 6 to 7
      Feb 11, 2026 to Mar 30, 2026
    • HNW clients · 49 to 67
      Feb 11, 2026 to Mar 30, 2026
    • Individual clients · 1,245 to 1,505
      Feb 11, 2026 to Mar 30, 2026
    • Employees · 6 to 7
      Feb 11, 2026 to Mar 30, 2026
    • State-registered IARs · 6 to 7
      Feb 11, 2026 to Mar 30, 2026
    • Discretionary RAUM · $252M to $304M
      Feb 11, 2026 to Mar 30, 2026
    • HNW RAUM · $84.3M to $115M
      Feb 11, 2026 to Mar 30, 2026
    • Individual RAUM · $167M to $189M
      Feb 11, 2026 to Mar 30, 2026
    • Non-discretionary RAUM · $9.2M to $9.9M
      Feb 11, 2026 to Mar 30, 2026
    • Pension RAUM · $9.2M to $9.9M
      Feb 11, 2026 to Mar 30, 2026
    • RAUM · $261M to $314M
      Feb 11, 2026 to Mar 30, 2026
    • Other offices · 2 to 3
      Mar 27, 2025 to Feb 11, 2026
    • Accounts · 2,075 to 2,074
      Apr 1, 2024 to Mar 27, 2025
    • Advisory employees · 7 to 6
      Apr 1, 2024 to Mar 27, 2025
    • BD registered reps · 6 to 5
      Apr 1, 2024 to Mar 27, 2025
    • HNW clients · 40 to 49
      Apr 1, 2024 to Mar 27, 2025
    • Individual clients · 1,159 to 1,245
      Apr 1, 2024 to Mar 27, 2025
    • Pension plan clients · 2 to 4
      Apr 1, 2024 to Mar 27, 2025
    • Employees · 7 to 6
      Apr 1, 2024 to Mar 27, 2025
    • Financial planning clients · 1-10 to 1-10
      Apr 1, 2024 to Mar 27, 2025
    • State-registered IARs · 7 to 6
      Apr 1, 2024 to Mar 27, 2025
    • Discretionary RAUM · $201M to $252M
      Apr 1, 2024 to Mar 27, 2025
    • HNW RAUM · $62.9M to $84.3M
      Apr 1, 2024 to Mar 27, 2025
    • Individual RAUM · $140M to $167M
      Apr 1, 2024 to Mar 27, 2025
    • Non-discretionary RAUM · $9.3M to $9.2M
      Apr 1, 2024 to Mar 27, 2025
    • Pension RAUM · $7.0M to $9.2M
      Apr 1, 2024 to Mar 27, 2025
    • RAUM · $210M to $261M
      Apr 1, 2024 to Mar 27, 2025
    • Accounts · 2,002 to 2,075
      Mar 30, 2023 to Mar 27, 2024
    • Advisory employees · 8 to 7
      Mar 30, 2023 to Mar 27, 2024
    • BD registered reps · 7 to 6
      Mar 30, 2023 to Mar 27, 2024
    • HNW clients · 22 to 40
      Mar 30, 2023 to Mar 27, 2024
    • Individual clients · 1,668 to 1,159
      Mar 30, 2023 to Mar 27, 2024
    • Employees · 8 to 7
      Mar 30, 2023 to Mar 27, 2024
    • Insurance-licensed employees · 2 to 1
      Mar 30, 2023 to Mar 27, 2024
    • State-registered IARs · 8 to 7
      Mar 30, 2023 to Mar 27, 2024
    • Discretionary RAUM · $160M to $201M
      Mar 30, 2023 to Mar 27, 2024
    • HNW RAUM · $37.2M to $62.9M
      Mar 30, 2023 to Mar 27, 2024
    • Individual RAUM · $125M to $140M
      Mar 30, 2023 to Mar 27, 2024
    • Non-discretionary RAUM · $7.9M to $9.3M
      Mar 30, 2023 to Mar 27, 2024
    Signals
    4 dated events
    • Michael Ray Ohmstede left Magnate Advisory Services, Llc for Fisher Investments (registered 2026-05-20)
      May 5, 2026 · Advisor changed firm · fact
    • Patrick John Rumoro left Magnate Advisory Services, Llc for Ae Wealth Management, Llc (registered 2023-04-14)
      Mar 22, 2023 · Advisor changed firm · fact
    • Magnate Advisory Services, Llc reported RAUM $230.3M, up 97% from $117.1M (2021-01-12 to 2021-03-31)
      Mar 31, 2021 · RAUM change · derived
    • Magnate Advisory Services, Llc filed its initial SEC registration (Form ADV)
      Mar 30, 2020 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    How to reach
    public business contact points only, each with its source
    Business email
    bridget.bandurske@magnatewealth.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business email
    curry.nicholson@magnatewealth.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    502-855-3160reportedpublished by the firm, firm site, Sep 15, 2026
    Firm profile
    LINKEDIN.COM/COMPANY/MAGNATE-WEALTH-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
    Website
    MAGNATEWEALTH.COMreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    (502) 855-3160reportedpublic record, Form ADV, Mar 30, 2026
    Contact form
    magnatewealth.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
    Team page
    magnatewealth.com/our-teamreportedpublished by the firm, firm site, Sep 15, 2026
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Independent wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $44.9Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026